Government urged to allocate more funds for low-cost housing
BusinessMirror. - 2018-02-13
THE government must provide more financial resources to finance the low-cost housing segment ... Affordable to low-cost Housing Imperial Homes range from P2 million to P4 million. Homes not valued more than P3 million are classified as affordable housing ...

Wild finish looms
BusinessMirror. - 2018-02-13
ONE less of the best of the best, the elite cast slugs it out beginning today--all aiming for a hot start and the momentum in what promises to be an explosive launch to the new International Container Terminal Services Inc. (ICTSI) Philippine Golf Tour ...

Philippines' Jollibee Raises Stake in U.S. Based Smashburger Master
U.S. News Money - 2018-02-13
Inc subsidiary. "JFC will be able to participate in the very large mainstream American consumer market in addition to serving Filipino-Americans there," Jollibee said in a disclosure to the Philippine Stock Exchange. Jollibee, with a market value of $5.7 ...

Jollibee investing $100m in US firm
thestandard.com.ph - 2018-02-13
Restaurant chain operator Jollibee Foods Corp. said it will infuse an additional $100 million to increase its stake in Smashburger Master Llc to 85 percent to expand its business in the United States. Jollibee said in a disclosure to the stock exchange it ...

Jollibee takes bigger bite of US hamburger market
Inquirer - 2018-02-13
Homegrown fast-food giant Jollibee Foods Corp. (JFC) has taken a bigger bite of the mainstream American hamburger market with a $100-million deal to jack up its stake in the Smashburger chain to 85 percent. JFC, through wholly-owned subsidiary Bee Good!

Jollibee takes bigger bite out of U.S.-based Smashburger
Rappler - 2018-02-13
MANILA, Philippines - Fast-food giant Jollibee Foods Corporation (JFC) is increasing its stake in US-based burger chain Smashburger from 40% to 85%, in line with its bid to conquer foreign markets. JFC told the Philippine Stock Exchange (PSE) on Tuesday ...

DPWH gets help from Hong Kong-based Arup for infra deals
Rappler - 2018-02-13
MANILA, Philippines - The Department of Public Works and Highways has signed a consulting contract with Ove Arup and Partners Hong Kong Limited (Arup) to help the DPWH prepare feasibility studies and detailed engineering designs for new inter-island ...

2 Cebu senior high schools get tech-voc equipment
Inquirer.net - 2018-02-13
This after AboitizPower subsidiaries Cebu Private Power Corporation (CPPC) and East Asia Utilities Corporation (EAUC) donated tech-voc equipment worth P2.8 million to Pusok National High School in Lapu-Lapu City and Don Carlos A. Gothong Memorial National ...

6 romantic art destinations near Metro Manila
Rappler - 2018-02-13
Located at Purok 157 Brgy. San Jose, Tagaytay City Proper, Tagaytay, Philippines 4120 (near Cityland Condo, beside Verazza Hotel, 200meters/2mins. walk from Tagaytay Rotunda) Dreamer's Hotline: +63 917 652 9075 ...

PTT, Cebu Pacific fuel-supply agreement renewed for P7 billion
BusinessMirror. - 2018-02-13
PTT Philippines Corp. and Cebu Air Inc. (CEB), operator of budget carrier Cebu Pacific, have renewed their jet fuel-supply agreement for P7 billion. The supply contract for 2018 was signed between PTT Philippines President and CEO Sukanya Seriyothin and ...

When climate comes unhinged, we need to re-think how to build our cities
Rappler - 2018-02-13
These practices bring nature back into the built space and make use of its great properties to balance heat and also heavy ... to a dockland area", which has been under stress for half a century due to heavy ship traffic.

Stock price index continues to decline
Inquirer - 2018-02-12
Apollo Global Capital, Island Information and Technology, Premiere Horizon Alliance, Travellers International and SBS Philippines will be removed. Don't miss out on the latest news and information.

INAEC, Galoc renew aviation services deal
Inquirer - 2018-02-12
With the renewal of this partnership with Galoc, INAEC remains to be the sole air transport service provider for the offshore oil and gas producers in the Philippines, including Philodrill Corp. and Shell Philippines Exploration B.V. Don't miss out on the ...

FDIs top 2017 target as of November
Business World - 2018-02-12
Taningco, economist at Security Bank Corp. The Philippine Statistics Authority announced on Nov. 16 that the economy grew by 6.9% in the third quarter, beating market expectations. This was later on revised upward to seven percent, while full-year growth ...

No change in PSE index; sectors undergo revamp
Business World - 2018-02-12
To be included in the index for services are MacroAsia Corp., PhilWeb Corp. and Waterfront Philippines, Inc. On the other hand, 2GO Group, Inc., Apollo Global Capital, Inc., Island Information and Technology, Inc., Premiere Horizon Alliance Corp ...

SolGen to Senate: Stop probe on Duterte's wealth
CNN Philippines - 2018-02-12
He said the money is in Duterte's joint account with his daughter Sara, in the Julia Vargas branch of the Bank of the Philippine Islands. In a privilege speech in October 2017, Trillanes also detailed Duterte's alleged bank transactions from 2006 to 2015 ...

AFC Cup: Bacolod rekindles its love affair with Ceres Negros
Rappler - 2018-02-12
MANILA, Philippines - Ceres Negros is back on home soil after a road trip that captured the imagination of the Philippine football community. The Negrenses embarked on an arduous gauntlet towards qualification in the top-tier AFC Champions League when ...

ERC to clear 61 pending rulings during TRO on suspensions
Business World - 2018-02-12
THE Energy Regulatory Commission (ERC) will be issuing rulings on 61 pending cases within the 60-day period when its four commissioners are back at work in compliance with a Court of Appeals (CA) temporary restraining order (TRO) on their suspensions.

First for 2018: Oil firms roll back gas, diesel, kerosene pump prices
BusinessMirror. - 2018-02-12
Seaoil, Pilipinas Shell, Phoenix Petroleum, and Eastern Petroleum said they will implement their respective price adjustments starting 6 a.m. on Tuesday, they announced on Monday, citing movements in the international petroleum market as the reason for the ...

Bright future for underprivileged children
thestandard.com.ph - 2018-02-12
Three organizations committed to educating, nurturing, and protecting underprivileged children received donations from PSBank to aid in their projects and charitable efforts. The bank gave a total of P300,000 to its three Corporate Social Responsibility ...

Promoting growth without compromising the environment
Manila Standard Today - 2018-02-12
World Wildlife Fund-Philippines has recognized developer Arthaland for being its partner in environmental works since 2010. The partnership has spearheaded programs geared towards promoting environmental education in the communities they serve. Real estate ...

Ikeda seeks 2nd LPGT victory at Splendido
BusinessMirror. - 2018-02-12
Chihiro Ikeda brims with confidence as she sets out for another crack at the Ladies Philippine Golf Tour (LPGT) crown, heading the cast in the International Container Terminal Services Inc. (ICTSI) Splendido Classic, which unfolds tomorrow at the Splendido ...

PSE retains main index composition
BusinessMirror. - 2018-02-12
while 2GO Group Inc., Apollo Global Capital Inc., Island Information and Technology Inc., Premiere Horizon Alliance Corp., Travellers International Hotel Group Inc. and SBS Philippines Corp. will be removed from the index. The Mining and Oil Sector will ...

PSE retains main index composition
BusinessMirror - 2018-02-12
AFTER reviewing its own performance from January to December last year, the Philippine Stock Exchange left the PSE index (PSEi) as it is, all 30 stocks. "For this index review period, we increased the minimum free-float level requirement from 12 percent ...

Singapore firm signs deal for New Clark City
thestandard.com.ph - 2018-02-12
We will leverage our over 50 years of urban and infrastructure development expertise and our global capabilities to manage the development of the city, and help the Philippine government ... Government Administrative Center. It will also establish the ...

PSE raises public float requirement for index firms to 15%
thestandard.com.ph - 2018-02-12
The Philippine Stock Exchange said Monday it raised the minimum public float requirement for listed companies to qualify for inclusion in the benchmark Philippine Stock Exchange index to 15 percent from 12 percent. Public float or free float represents the ...

PSE raises free float requirement for benchmark index
Rappler - 2018-02-12
But 2GO Group Incorporated, Apollo Global Capital Incorporated, Island Information & Technology Incorporated, Premiere Horizon Alliance Corporation, Travellers International Hotel Group Incorporated, and SBS Philippines Corporation will be removed from the ...

UnionBank to acquire PETNET, Inc.
Business World - 2018-02-12
UnionBank of the Philippines group is set to acquire the controlling stake of transaction network PETNET, Inc. In a disclosure to the local bourse on Monday, UnionBank said its subsidiaries City Savings Bank, Inc. and Union Properties, Inc. signed a share ...

Philippines exceeds foreign direct investments target for 2017
Rappler - 2018-02-12
Finance Secretary Carlos Dominguez III had said the $1.3-billion deal between Energy Development Corporation and the consortium of Macquarie Infrastructure and Real Assets and Arran Investment Private Limited as well as Japan Tobacco Incorporated's ...

Globe board approves 1Q cash dividend of P22.75/share for common shareholders
Inquirer - 2018-02-12
Globe Telecom said its board approved the first quarterly distribution of cash dividend of P22.75 per share for holders of its common shares. The dividend will be paid to shareholders on record as of February 20, 2018, payable on March 5, 2018.

PLDT, Go Negosyo, and DTI team up to equip MSMEs for e-commerce
newsbytes.ph - 2018-02-12
Telecoms giant PLDT, its digital innovations arm Voyager Innovations, entrepreneurship advocate Go Negosyo ... and medium enterprises (MSMEs) around the Philippines with digital solutions by 2020. "We are committed to help MSMEs thrive and become ...

PLDT, Go Negosyo to empower MSMEs in e-commerce
Inquirer - 2018-02-12
Local telecommunications giant PLDT has teamed up with entrepreneurship advocate Go Negosyo to empower micro, small and medium entrepreneurs (MSME) with e-commerce capabilities, thereby allowing them to thrive in the digital marketplace. With this ...

House Deputy Speaker sacked over purchase of P98M underwater property
Philippine Daily Inquirer - 2018-02-12
Ombudsman Conchita Carpio-Morales has ordered the dismissal of House Deputy Speaker Gwendolyn Garcia from service over her questionable purchase of a P98.9-million Balili property when she was the governor of Cebu. The Ombudsman suspended the Cebu third ...

Capital markets pause for breath as rate hike fears upset stock prices
InterAksyon - 2018-02-12
The bellwether Philippine Stock Exchange index (PSEi ... Co., Rizal Commercial Banking Corp., Robinsons Land Corp., and Integrated Micro-Electronics, Inc. announced their respective plans to sell shares worth more than P150 billion to existing investors.

City Savings to take over PETNET
Inquirer - 2018-02-12
Conglomerate Aboitiz Equity Ventures (AEV) has agreed to sell a 51-percent stake in cash remittance and payments firm PETNET Inc. to thrift bank arm City Savings Bank and Union Properties Inc. for cash consideration of around P1.2 billion, consolidating ...

Promoting growth without compromising the environment
thestandard.com.ph - 2018-02-12
A similar CRS project was done by the Philippines ... while gearing towards technology development fueled by EV technology. Last year, Mitsubishi concluded a tree-planting program with the city of Laguna, alongside several schools and companies in ...

Globe board approves 1Q cash dividend of P22.75/share for common shareholders
Inquirer - 2018-02-12
Globe home broadband business also sustained its growth momentum at P15.6 billion in 2017, increasing revenues by 7% year-on-year, with total subscriber base now reaching 1.3 million or 15% growth from a year ago. The solid growth in revenues was driven by ...

Weak stock trading seen this week as fears linger
Inquirer - 2018-02-12
BDO Unibank chief strategist Jonathan Ravelas said last week ... Christopher Mangun, head of research at Eagle Equities Inc., said the recent wave of foreign selling seemed to be easing as daily outflows had slowed down to just above P100 million from ...

Ayala Land sets 450 hectares to carbon forests for sustainability
Business World - 2018-02-12
The Philippines is currently ranked the fifth most vulnerable country to climate and disaster risks. Much work needs to be done, and Ayala Land, Inc. (ALI), a leading developer of sustainable mixed-use estates and the real estate arm of Ayala Corporation ...

Manulife Financial Corporation announces Conversion Privilege of - NBC12 - WWBT - Richmond, VA News On Your Side
WWBT-TV NBC 12 - 2018-02-12
TORONTO, Feb. 12, 2018 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 11 ...

CA halts suspension of 4 ERC commissioners
InterAksyon - 2018-02-11
The ERC commissioners were suspended after they were found guilty of conduct prejudicial to the best interest of the service, aggravated by simple misconduct and simple neglect of duty for allegedly allowing electric utilities like Manila Electric Company ...

PAL certified as 4-star airline
Rappler - 2018-02-11
MANILA, Philippines-- Lucio Tan-led flag carrier Philippine Airlines (PAL) is now a 4-star airline. International air transport rating organization Skytrax certified PAL as a 4-star airline, after it conducted an audit of the airline's in-flight and on ...

DSWD, GT Foundation, Metrobank Foundation to give Bags of Blessings to 10,000 poor families
Philippine Information Agency - 2018-02-11
We also laud Metrobank and GT Foundations for their other programs ... We are thankful for the partnership as we will not be able to do this without DSWD)." (DSWD) The Philippine Information Agency is the official public information arm of the Government ...

Philippines says more than 2,200 citizens in Kuwait want to go home
Business Insider - 2018-02-11
Duterte asked Philippine Airlines and Cebu Pacific on Friday to provide flights for Filipinos who want to leave Kuwait, after a the body of a Filipino worker was found in a freezer of an abandoned apartment. "We have been informed that as of Friday there ...

Faster than expected inflation
thestandard.com.ph - 2018-02-11
Utility company Manila Electric Company compared it to "what was also experienced February last year when we had a P0.92 per kWh adjustment in the overall rate." Meralco vice president Lawrence S. Fernandez explained that thought they are still ...

Capital markets pause for breath as rate hike fears upset stock prices
BusinessWorld Online - 2018-02-11
Bank of the Philippine Islands, Metropolitan Bank & Trust Co., Rizal Commercial Banking Corp., Robinsons Land Corp., and Integrated Micro-Electronics, Inc. announced their respective plans to sell shares worth more than P150 billion to existing investors.

Megaworld notches double-digit growth in 2017, says official
BusinessWorld Online - 2018-02-11
MEGAWORLD Corp. said earnings grew at a double-digit pace in 2017, citing general growth across its residential, office, leisure, and hospitality segments. "(It was a) very good year. Double digit growth to say the least," Megaworld Senior Vice ...

MPIC hopes to get original proponent status for CTBEx
BusinessWorld Online - 2018-02-11
He said the proponent for the project will now be MPCALA Holdings and Metro Pacific Tollways Corp. (MPTC). MPCALA Holdings, an Metro Pacific Investments Corp. (MPIC) unit, submitted the unsolicited proposal for the CTBEx last July. The 49-kilometer toll ...

Labor groups propose P500 monthly subsidy for minimum wage earners
Inquirer - 2018-02-11
President Rodrigo Duterte appeared receptive to the proposal raised by labor groups to provide a subsidy or voucher for minimum wage earners to help them cope with rising cost of living, according to Associated Labor Unions-Trade Union Congress of the ...

CA halts suspension of 4 ERC commissioners
interaksyon.com - 2018-02-11
The ERC commissioners were suspended after they were found guilty of conduct prejudicial to the best interest of the service, aggravated by simple misconduct and simple neglect of duty for allegedly allowing electric utilities like Manila Electric Company ...